However, the dogecoin price found a floor at around 20 cents before beginning to climb this week. Ahead of dogecoin's latest surge higher, a panel of cryptocurrency experts predicted the memecoin could be worth 42 cents by the end of 2021—an increase of 60% from its current level—thanks to the "pump and dump" cycle. Helping you understand the world of bitcoin and crypto, every weekdayMORE FROM FORBES Crypto Market Price Suddenly Soars Toward $2 Trillion-Could Ethereum Be About To 'Flip' Bitcoin? Dogecoin has been one of the best performing cryptocurrencies this year, with its price rise far ... [+] outpacing bitcoin and other major tokens. The panel, surveyed by price comparison website Finder, polled 42 crypto experts on what they expect to see happen to the dogecoin price in coming years with 80% of them branding dogecoin a bubble.

Source: Forbes August 08, 2021 09:11 UTC